China's first oilfield from with reserves of super-heavy oil begins extracting reservoirs through thermal recovery. Luda 5-2 ...

Colombia's Ecopetrol booked its biggest increase in proven oil and gas reserves in three years in 2024, rising to 1.89 ...

Oil remains a key resource for economies globally, particularly in Africa, where several countries depend on it for revenue ...

Ecopetrol has announced a substantial increase in its proven oil, condensates and natural gas reserves as of 31 December 2024 ...

1P and 2P reserves of 67.1 million barrels of oil ("mmbbls") and 113.7 mmbbls, respectively; Replaced 293% and 208% of 1P and 2P reserves, respectively; PDP reserve value per share increased 68% ...

Suriname's state oil company, Staatsolie, is seeking $1.5 billion in funding to participate in the development of the Gran ...

"PetroTal's 2024 year-end reserves evaluation represents a satisfying conclusion to a successful year for the Company. Proven reserves for the Bretana oil field now exceed 60 million barrels.

Crude oil prices edged higher today, with Brent Crude and West Texas Intermediate (WTI) rising nearly 0.5 percent to $76.45 ...

UK supermajor BP has discovered that some of its US shale oil reservoirs are unexpectedly being “recharged”, offering a potential route to significantly increase profits at its BPX Energy ...

CALGARY, Alberta, Feb. 22, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (" Prospera ", “ PEI ” or ...

Chevron’s (CVX) stalled acquisition of Hess (HES) is taking on even more importance for investors after the company’s oil and ...

The Chairman of the Organisation of Petroleum Exporting Countries (OPEC) Board of Governors, Adewale Adeyemo-Bero, has ...